Balance Sheet As at May 31 2020 2019 Assets Current Assets Cash $20,600 $8,800 Accounts Receivable $14,900 $10,600 Prepaid Expenses $2,200 $600 Merchandise Inventory $29,600 $10,400 Total Current Assets $67,300 $30,400 Long-Term Assets Equipment $188,000 $173,000 Less: Accumulated Depreciation $-27,500 $-15,600 Total Long-Term Assets $160,500 $157,400 Total Assets $227,800 $187,800 Liabilities Current Liabilities $23,500 $23,500 Long-Term Liabilities $29,000 $41,000 Total Liabilities Shareholders' Equity Contributed Capital Preferred Shares Type here to search 00 olders' Equity Balance Sheet As at May 31 2020 2019 Assets Current Assets Cash $20,600 $8,800 Accounts Receivable $14,900 $10,600 Prepaid Expenses $2,200 $600 Merchandise Inventory $29,600 $10,400 Total Current Assets $67,300 $30,400 Long-Term Assets Equipment $188,000 $173,000 Less: Accumulated Depreciation $-27,500 $-15,600 Total Long-Term Assets $160,500 $157,400 Total Assets $227,800 $187,800 Liabilities Current Liabilities $23,500 $23,500 Long-Term Liabilities $29,000 $41,000 Total Liabilities Shareholders' Equity Contributed Capital Preferred Shares Type here to search 00 olders' Equity